7708 MEADOW LN
About This Property
Step inside and be greeted by an elegant foyer that leads to classic formal living room and a light-filled sunroom. The addition added in 2006 provides a modern twist to this original home, creating a kitchen, dining, and living space often only found in new builds.
The gourmet kitchen is a chef's dream, equipped with top-of-the-line appliances, ample counter space, and plenty of storage for all of your cooking needs. Enjoy your morning coffee on the back deck while overlooking the serene backyard. The family room features tall ceilings, beautiful natural light, and a cozy fireplace - the perfect spot to unwind after a long day. The dining space is perfect for hosting dinner parties and gatherings, with ample space to accommodate guests.
Upstairs, the primary suite presents a lavish spa-like bathroom, two walk-in closets, and large windows. The upper level also includes three extra bedrooms and two full bathrooms, one of which is an en suite. Additionally, there is a laundry room, completing the amenities on this floor. With its four bedrooms and three bathrooms, this home is ideal for contemporary living.
The lower level offers even more space for entertainment and relaxation, with a large recreation room, an additional bedroom, and full bathroom - perfect for hosting guests or using as a home office. In addition, there is a one-car garage!
Outside, the lush backyard is an oasis of tranquility, complete with a stone patio and mature landscaping, providing the perfect spot for outdoor gatherings and relaxation.
Located just a short walk away from the best dining, shopping, and entertainment that Bethesda has to offer, this exquisite home is a rare opportunity to enjoy luxury living in a highly sought-after location. Don't miss your chance to make 7708 Meadow Lane your dream home.
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The Town of Chevy Chase is an incorporated township of approximately 1,035 homes within Chevy Chase that offers superior services to the residents. Truly nothing like it.
The borders of the Town are Bradley Lane on the south, Connecticut Avenue on the east, East-West Highway on the north, and 46th Street/West Avenue on the West.
It is a sidewalk community and the premier location adjacent to Bethesda and just north of DC allows one to walk easily to the METRO, downtown Bethesda (grocery stores, restaurants, shops, movies and so much more), the Crescent Trail and schools. The Lawton Community Center and the Town Offices are at the Oakridge Ave/Leland Street corner.
The public schools are Chevy Chase/Rosemary Hills Elementary, Silver Creek Middle School and Bethesda-Chevy Chase High School.
The town is governed by an elected Town Council and, with the help of the staff, provides most municipal services required. Some of these are:
1 Twice weekly trash pick-up from the back door.
2 Once a week pick-up of yard trash from the curb.
3 Once a week leaf vacuuming from the curb in the fall.
4 Once a week pick-up of materials to be recycled.
5 Twice yearly free pick-up of "trash & treasures" to be discarded.
6 Very responsive and ongoing street plowing during snow storms.
7 All street and public tree maintenance/repair.
8 Police patrol of the town.
9 Full police service is provided by Montgomery County.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2023 | Sold | ||
| Sold | |||
| Jun 27, 2023 | In contract | - | |
| In contract | |||
| Jun 20, 2023 | Price Decreased |
$1,595,000
↓ $54K
(3.3%) | |
| Price Decreased | |||
| May 28, 2023 | Listed by Long & Foster Real Estate, Inc. | $1,649,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| Jul 31, 2008 | Sold | ||
| Sold | |||
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About Chevy Chase
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017